Hedge fund “Best Ideas” are not the Holy Grail of performance
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By James Williams | 29/05/2020 - 1:43pm

Although lauded for their ability to outperform broader market indices, hedge funds’ “Best Ideas” do not excel relative to the rest of their portfolios, according to a study produced by Epsilon Asset Management, a quantitative investment firm, in collaboration with New York University.
Epsilon partners Faryan Amir-Ghassemi and Michael Perlow co-authored the report – “Hedge Fund Alpha and their Best Ideas” - with National Science Foundation award-winning assistant professor of finance and risk engineering Andrew Papanicolaou of NYU.